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Verein für Socialpolitik >
Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/37222
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Klepper, Mathis | | en_US |
| dc.date.accessioned | | 2010-08-11T08:53:33Z | | - |
| dc.date.available | | 2010-08-11T08:53:33Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/37222 | | - |
| dc.description.abstract | | This paper investigates technology adoption of a single firm in a continuous time model with an infinite planning horizon and an infinite number of investment opportunities. Technological progress is exogenous and modeled either by a poisson process or a geometric poisson process. For both processes, we characterize the optimal investment strategies. In the case of a poisson process we show that a cyclical investment pattern, that is adopting every m-th technology is optimal. If technological progress is modeled as a geometric poisson process, we argue that the number of technologies not adopted between two adoptions decreases with time, until finally each new technology will be adopted. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Verein für Socialpolitik Frankfurt a. M. | | en_US |
| dc.relation.ispartofseries | | Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Dynamic Models of Investment D8-V1 | | en_US |
| dc.subject.jel | | D81 | | en_US |
| dc.subject.jel | | D92 | | en_US |
| dc.subject.jel | | O33 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Technology adoption | | en_US |
| dc.subject.keyword | | Technological uncertainty | | en_US |
| dc.subject.keyword | | Investment irreversebility | | en_US |
| dc.subject.keyword | | Optimal timing | | en_US |
| dc.title | | A simple model of investment with an infinite number of technologies | | en_US |
| dc.type | | Conference Paper | | en_US |
| dc.identifier.ppn | | 655933069 | | - |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie
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